Price $2,225,000 $2,395,000 | Built/Renov 2011 | Tenant Wendy's |
Cap Rate 5.22% 4.85% | Lease Type
Abs NNN | Guarantor Franchisee |
Size/SF
3,276
| Lease Start
07-02-2018
| #Units
90
|
Price/SF $679.18 $731.07 | Expiration
07-31-2038
| Tenant Type Fast Food/QSR |
NOI $116,105 | R. Term 14.7 | Ownership Fee Simple |
Rent/SF
$35.44
| Increases 10.0%/5/yrs | Pop 5Mi 52,828 |
Lot/AC 2.12 | Options 1/10yrs/10% | AHHI 5Mi $73,753 |
| |
The site is conveniently located with excellent visibility on the corner of Commerce Parkway and Moody Boulevard with prominent street visibility and direct access to 45,000 VPD. The subject property is surrounded by a strong mix of local and national retailers including Target, Ulta, Publix, TJ Maxx, Petsmart, Ross, Michaels, ALDI, Tractor Supply, McDonald’s, and Walgreens among others. The...
...Hard corner intersection
Major thoroughfare
Near major nationals
Highway location
Top 100 MSA
Population increase trend
Long 15+ yr lease
Absolute NNN
Traded and rated company
50+ unit franchisee backed
Wendy's is an American international fast food restaurant chain founded by Dave Thomas in 1969, in Columbus, OH. The Wendy’s Company, together with its subsidiaries, operates as a...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 3,691 | 32,833 | 63,446 |
2023 Total Population : | 3,518 | 27,014 | 56,162 |
2023 Employed Civilian Pop : | 1,165 | 10,388 | 23,002 |
2023 Total Businesses : | 283 | 980 | 1,367 |
2023 Average Household Income : | $ 76,359 | $ 83,167 | $ 86,466 |
2023 Total Consumer Spending : | $ 107 M | $ 764 M | $ 1673 M |
2023 Median Age : | 49 | 42 | 43 |
2023 Total Households : | 1,617 | 10,604 | 22,324 |
2023 Pop Age 25+: Bachelor's Degree : | 455 | 2,938 | 6,829 |
2023 Average Home Value : | $ 317,291 | $ 299,240 | $ 309,486 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
E Hwy 100 | Utility St | 2008 | 13,600 | 0.49 mi |
FL 100 | Briarwood Path | 2021 | 12,400 | 0.52 mi |
East Moody Boulevard | N Palmetto St | 2021 | 12,200 | 0.67 mi |
E Hwy | Belle Terre Pkwy | 2008 | 13,544 | 0.97 mi |
Easthampton Boulevard | Ehrling Ln | 2021 | 1,300 | 1.14 mi |
State Street | E Booe St | 2021 | 12,100 | 1.18 mi |
Belle Terre Boulevard | Zebulahs Trl | 2021 | 5,300 | 1.19 mi |
Belle Terre Boulevard | Zebulahs Trl | 2019 | 5,500 | 1.19 mi |
E Hwy 100 | S Church St | 2008 | 12,700 | 1.21 mi |
S State St | E Ct Ave | 2008 | 14,100 | 1.23 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]